PHE and PHT

2BToo

Well SMCI jumped like a startled grasshopper today so I'll be hoping for some nice numbers from PHT tomorrow. And possibly from IML too, as I think that their longer-term funds have a good bit of Super Micro in them.

dingg

I reckon that you're a tad optimistic

Almost everything else took a kick in the balls.

Its a marathon not a sprint, I'm still about 1% off the yearly high thus far, been a fight to get back up there the past couple of months.

Post election rally into Christmas, hopefully

dingg

Better than I suspected, not much change at all on pht or iml

Adam Kay

PHT was modestly up. I would estimate +35bps. The wider market fell approx 100bps. Gainers were limited to AI related stocks due to SMCI stating that they had what is a record quarter due to DLC server shipments. Their quarterly result will be interesting. Last quarter they delivered 1,350 DLC and it sounds like they have delivered 2,000 this quarter which would equate to 128,000 GPU although some will be air cooled. I won't second guess actual revenue but it looks promising. In Q4 they reported $5.31B and their guide was wide; $6B-$7B. Based on the above it looks, and there is some fill in the gaps work here, an additional 650 DLC servers which are circa 2.5M each , or $1.6B which would put them at the very high end of their guide of $7B. If EPS also comes in as per the guide, this would be $8.27 and 65M shares which translates to $546M net or 7.8% vs 7.6% the previous quarter. I am hoping to see a gross margin in the early 12s although the above looks very promising.

Adam Kay

There non gaap share count is 66M. Also pointing out that their revenue just 2 quarters ago(very recent) was $3.8B so as you can see they are growing very rapidly. We very much to see their margin start to improve which is should with the opening of their Malaysia factory and expansion of US operations. They need to file their 10-k within the next 4 weeks ideally.

2BToo

Thanks. Looks like both Dingg and Adam were both right; my portfolio was down, but that was because the PHT gain was more than cancelled out by a drop in PHE.

A post-election rally into Christmas would be lovely!

2BToo

@Adam-Kay

@Adam-Kay said in PHE and PHT:

Hi LP,

Guys,

Presuming this is OK with Adam/Nik/Cobens, would it be OK to have a thread where the up-to-date holdings of PHE and PHT are listed?

I've found this list from Adam but it's nigh on a year old and I know that things have changed since then.

A nice chap called Peter (peter.*******@gmail.com) did a clever Google Doc showing the listings in each portfolio with a simple performance tracker, but that is now out-of-date (it doesn't show Oracle, which I understand is a new part of PHT).

Thanks.

Adam Kay

Hi O,

Out:
PYPL/PANW/TWLO

IN:
MU/ORCL/AVGO

2BToo

Thanks. So the list now is as follows:

GOOG
META
MSFT
VRTX
AAPL
ORCL
KLAC
ADBE
MEDP
NVDA
AVGO
MU
SMCI

Does PHE remain unchanged?

Adam Kay

The Equity portfolio, save for weight changes, remains unchanged, for now

LastPoster

@Adam-Kay said in Oracle (ORCL):

Medpace

I did mention it here and an email will go out, probably next week

According to the above (which is from the Oracle thread) I thought Medpace was to be sold

Ronski

I have the following for PHT

NASDAQ:AAPL Apple Inc
NASDAQ:SMCI Super Micro Computer Inc
NASDAQ:MSFT Microsoft Corp
NASDAQ:NVDA NVIDIA Corp
NASDAQ:GOOG Alphabet Inc Class C
NASDAQ:META Meta Platforms Inc
NASDAQ:VRTX Vertex Pharmaceuticals Inc
NASDAQ:AVGO Broadcom Inc
NASDAQ:KLAC KLA Corp
NYSE:ORCL Oracle Corp
NASDAQ:MU Micron Technology Inc
NASDAQ:ADBE Adobe Inc

Adam Kay

Yep-medp too. Ron’s list is correct